technology
Innovations, gadgets, and the evolving digital landscape ๐ป๐
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Since last October, stocks have been, to use a technical term, absolutely ripping. The ripping largely continued last week mostly thanks to an encouraging US inflation report and an Apple product launch
But one thing thatโs giving some investors pause is that five jumbo tech companies โ Amazon, Apple, Google, Microsoft, and Nvidia โ have been responsible for more than half of the S&P 500โs gains this year. The so-called Big Five now account for 27% of the S&P, the most concentrated the index has been in decades. And so the fate of the stock market rests, to a large degree, on their performance, hence much of the worry
Is the concern justified? Goldman Sachs, among others, says nah, at least not as long as the Big Five keep shovelling in mountains of cash. But will their earnings be enough to keep beating investorsโ expectations? Put differently
are these companies really winning the economy? Weโll have to wait until next earnings season for any answer to these questions 0 reply
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